McBrides, a member of The Corporate Finance Network based in Kent, has advised their client on an acquisition of a business in the construction sector.Led by McBrides Partner, Mark Grady, the services included due diligence and tax support. As part of the deal, the company acquired a company that successfully wholesaled goods within the construction sector and of new premises from which to operate from.
The acquisition will enable the acquiring group to rationalise the existing operational premises realising significant cost savings for the group. The McBrides team, produced forecasts to illustrate for their client, how the business would benefit from cost savings, before the acquisition took place. Once their client fully understood how the business would operate with the acquired company, Mark and his team began the process of due diligence and subsequent tax support.
The business has been successfully integrated and the larger combined group is optimistic about its growth prospects.